Nickel

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

Pursuant to the Definitive Agreement, Mink may acquire an 80% undivided interest in the Montcalm project from Voltage by, among other things, making the following cash payments, share issuances and minimum work expenditures:

Part 1:

  • Pay $25,000 to Voltage on or before the date on which the TSX Venture Exchange (the "Exchange") issues its bulletin in respect of the Qualifying Transaction (the "Calculation Start Date");
  • Issue 800,000 common shares in the capital of Mink to Voltage on or immediately prior to the Calculation Start Date; and
  • Incur a minimum of $300,000 in work expenditures on the Property on or before April 10, 2023.

Part 2:

  • Pay $25,000 to Voltage on or before the first anniversary of the Calculation Start Date;
  • Issue 800,000 common shares in the capital of Mink to Voltage on or before the first anniversary of the Calculation Start Date; and
  • Incur a minimum of $300,000 in work expenditures on the Property on or before April 10, 2024.

Mink may accelerate and carry forward any of the cash payments, share issuances or work expenditures. Upon full exercise of the option, Mink shall assume responsibility for payment of the aggregate 1.25% net smelter returns royalty to the extent of its relative ownership interest in the Montcalm project.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance.

The Qualifying Transaction, if completed, is an Arm's Length Qualifying Transaction. No Shareholder approval is required to complete the Qualifying Transaction.

Private Placement:

Mink proposes to complete a private placement raising not less than $1,000,000 (the "Private Placement") to fund the phase one work program on the Montcalm project and general and administrative operating expenses. The Company intends to issue a further press release announcing the terms of the Private Placement.

Highlights of the Montcalm Project:

  • 38.8 sq. km claim block adjacent to Montcalm Ni-Cu-Co Mine (historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) with mine host geology (Montcalm Gabbro Complex "MGC") extending on to Mink's property.
  • Mink's holdings cover ~ 66% of the gabbro zone component of the MGC shown in blue in the accompanying Figure 2. The gabbro zone is the primary host of the Montcalm Mine. Other significant features include the megabreccia zone known to host anomalous nickel and copper mineralization designated Unit 4 in Figure 2.
  • There are a number of drill ready targets to be tested.
  • Some of the higher priority VTEM targets and ground IP targets that remain to be tested are within or proximal to a prospective target area designated the "Hook Zone" located within the gabbro zone of MGC.
  • A large portion of the southern section of the property has not been tested with airborne VTEM, which is capable of detecting deeper conductive zones between 350-400 meters below surface, well beyond the +- 200-meter capability of historical surveys. Known deposits at the adjacent mine were present well below the 200-meter elevation.

Future Exploration Plans which are subject to the completion and recommendations of an NI 43-101 report, which is currently underway, include:

  • An airborne VTEM survey and airborne gravity survey in the southern part of the property to complement existing surveys;
  • Maxwell Plate analysis of all VTEM data;
  • Further ground induced polarization (IP) surveys over priority Hook Target VTEM anomalies and magnetic anomalies;
  • Ground prospecting and sampling;
  • Secure permits for a diamond drill program

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_001.jpg

Figure 1. Property Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_002.jpg

Figure 2

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_002full.jpg

Mr. Kevin Filo, P.Geo. (Ontario), Corporate Secretary and a director of the Company, is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.

About Mink Ventures Corporation:
Mink Ventures Corporation is a Capital Pool Company that is focused on identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction. The Company has 8,367,500 shares outstanding.

About Voltage Metals Corp:
Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland. The Company looks to create shareholder value by aggregating and exploring projects that possess sound geology and brand-new discovery potential. Voltage has a deep roster of management and key stakeholders, who are expert in the essential resource trifecta of exploration, operations and finance. 

For further information about Mink Ventures Corporation please visit www.minkventures.com or contact Natasha Dixon, President & CEO, T: 250-882-5620 E ndixon@minkventures.com.

Forward-Looking Statements
This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future business and operations of Mink. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, general business, economic, competitive, political and social uncertainties; and the delay or failure to receive applicable Board or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Mink disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133557

News Provided by Newsfile via QuoteMedia

VOLT:CNX
Voltage Metals

Voltage Metals


Keep reading...Show less
Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
RETRANSMISSION: Mink Ventures Signs Letter of Intent to Aquire an 80% Interest in the Montcalm Ni-Cu-Co Project for Possible Qualifying Transaction

RETRANSMISSION: Mink Ventures Signs Letter of Intent to Aquire an 80% Interest in the Montcalm Ni-Cu-Co Project for Possible Qualifying Transaction

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that it has entered into a Letter of Intent dated June 27, 2022 ("LOI") with Voltage Metals Corp. (CSE: VOLT) ("Voltage") with respect to an option to acquire an 80% interest in the Montcalm Ni-Cu-Co project (the "Transaction") which covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
VOLTAGE COMPLETES DRILL PROGRAM at the ST. LAURENT Ni-Cu PROJECT and FLIES AIRBORNE VTEM SURVEY over the JERRY LAKE PROPERTY

VOLTAGE COMPLETES DRILL PROGRAM at the ST. LAURENT Ni-Cu PROJECT and FLIES AIRBORNE VTEM SURVEY over the JERRY LAKE PROPERTY

Voltage Metals Corp., ("Voltage" or the "Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that it has completed a diamond drill program at the Company's 100% owned St. Laurent Nickel-Copper-Cobalt Project, located 160 km northeast of Timmins, Ontario . The drilling consisted of 2,460 metres in seven holes, with downhole geophysical surveys completed on six of the seven holes.  A total of 570 samples, representing 800 metres of core were split for analysis.  All samples have been shipped to the lab, with results expected periodically over the next eight weeks.

Voltage.Logo (CNW Group/Voltage Metals Corp.)

The St. Laurent Project has received minimal exploration activity since the initial work in the mid 1960's when nickel-copper mineralization was first identified in a limited number of shallow drill holes. Subsequent airborne geophysical surveys defined a strong electromagnetic (EM) anomaly with an associated bullseye magnetic response, both of which are coincident with the reported disseminated mineralized zone. Diamond drilling in 2008 and 2019 identified geological characteristics indicative of gabbro breccia/conduit hosted nickel mineralization similar to the Lynn Lake Deposit (28.4 million tons @ 0.91% Ni, 0.49% Cu) the Kenbridge deposit (7.5 million tonnes @ 0.58% Ni, 0.32% Cu), and the Montcalm Deposit (3.9 million tonnes @ 1.3% Ni, 0.67% Cu, 0.05 Co).

The recently completed drill program followed up on the results of the 2019 diamond drilling, where the highest nickel grades on the project were intersected with three separate intervals of >1.0% Ni, as well as the widest intersection ( 113.4 m ) of lower grade nickel mineralization, Table 1 . Nickel assays in conjunction with the associated sulphur results indicate a high nickel tenor 1 of 5% Ni for massive sulphides (35% S) in the magmatic system.  Two priority Borehole EM anomalies from the 2019 program and a deeper Heligeotem II Anomaly modelled from a 2007 Survey were also targeted in this drill program.

Table 1 – St. Laurent Diamond Drill Assay Results 2019

DDH
#

Year

From
m

To m

Width
m*

Ni %

Cu
%

Co
ppm

Au
ppb

Pt
ppb

Pd
ppb

S %

SL-19-01

2019

238.5

248.6

10.1

0.32

0.33

155.4

66.9

23.9

31.8

2.2

SL-19-01

2019

252.4

256.0

3.6

1.10

0.45

503.9

46.0

279.6

84.4

5.1

SL-19-01

2019

256.7

260.9

4.2

1.30

0.47

567.5

690.2

132.9

124.7

5.6

SL-19-01

2019

265.8

270.5

4.7

1.00

0.83

506.0

119.9

243.9

91.4

4.8

SL-19-03

2019

328.0

441.4

113.4

0.22

0.17

139.4

16.3

23.7

20.5

3.4

*Reported width represents core measurements as insufficient information available to determine true thickness.

Bob Bresee , CEO of Voltage stated "The St. Laurent Project represents a previously unrecognized Ni-Sulphide system with very limited past exploration work.  As we receive the borehole and assay results over the next while we are reminded that the Ontario Government recently announced ( March 17, 2022 ), a Critical Minerals Strategy for the coming 5 year period to focus on exploration and development of Ni, Cu, Co, Pt, Pd, the very metals specifically contained within the St. Laurent project. We look forward to reporting on the assay and geophysical results in the coming weeks."

Jerry Lake Property

A 285-line km Geotech VTEM survey has been completed on the Jerry Lake Project, situated 57 km northwest of the St. Laurent Project. The Jerry Lake gabbro represents the only sizeable gabbro body within the Burntbush Assemblage outside of the St. Laurent Gabbro. The Jerry Lake property has never been evaluated with an airborne EM survey, nor has any ground-based exploration been conducted. A well-defined glacial dispersal fan 2 of chalcopyrite and nickel suggests the unrecognized Ni-sulphide potential of the Jerry Lake Gabbro. CEO Bob Bresee commented "Jerry Lake is a very good opportunity for Voltage to evaluate an unexplored target with exploration features similar to our Montcalm and St. Laurent Projects. We expect to report the VTEM survey results over the next few weeks."

Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland . The Company looks to create shareholder value by aggregating and exploring projects that display sound geology and brand-new discovery potential. Voltage has a deep roster of management and key stakeholders, who are expert in the essential resource trifecta of exploration, operations and finance.

Qualified Person:

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast , P.Geo., a Qualified Person as defined by NI 43-101.

References:

  1. Nickel Tenor is a common practice in magmatic nickel-copper exploration where the nickel vs S ratio is extrapolated to 100% sulphides (35% S), to estimate the grade of massive sulphide.  Nickel tenor does not provide certainty that massive sulphides will be discovered.
  2. Gao, C. 2015 Results of regional till sampling in the Detour and Burntbush area, northern Ontario ; Ontario Geological Survey,Open File Report 6297, 120p.
Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Voltage Metals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/28/c2389.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Voltage Metals Corp Reviews Data from its Newfoundland Nickel-Copper-PGE-Cobalt-Chromium Project and Outlines Next Steps

Voltage Metals Corp Reviews Data from its Newfoundland Nickel-Copper-PGE-Cobalt-Chromium Project and Outlines Next Steps

 Voltage Metals Corp. (CSE: VOLT) (OTC: VLTMF) (the "Company" or "Voltage") is pleased to provide this update on the Company's 100% owned Wheeler Project in Newfoundland .

The Wheeler property ("Wheeler") is situated on the west coast of Newfoundland , 25 kilometres north of the deep-water port town of Stephenville . The property covers the southern extent of the Bay of Islands ophiolite complex and is composed of mafic and ultramafic assemblages dominated by gabbros, pyroxenites and peridotites. The target on the Wheeler property is magmatic Ni-Cu-PGE (plus Co-Cr) mineralization hosted within a mafic intrusion, similar to Norilsk in Russia , Lynn Lake and Namew Lake in Manitoba , Nkomati in South Africa , and Voisey's Bay in the province of Newfoundland and Labrador .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Voltage Metals Corp Receives Approval to Trade on U.S. OTCQB Venture Market

Voltage Metals Corp Receives Approval to Trade on U.S. OTCQB Venture Market

Voltage Metals Corp. (CSE: VOLT) is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market ("OTCQB"), beginning today under the ticker symbol VLTMF.

"We are pleased to offer investors yet another avenue for trading our shares, and look forward to increasing the awareness around our company for U.S. investors," said CEO, Bob Bresee . "We believe that trading on the OTCQB® can lead to overall enhanced liquidity and visibility in global capital markets."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Pan Global Announces Drill Program on Eight Copper Targets in the Escacena Project, Spain

Pan Global Announces Drill Program on Eight Copper Targets in the Escacena Project, Spain

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling is underway at the Hornitos and La Jarosa targets and that multiple new targets have been identified for drill testing at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.

Tim Moody, Pan Global President and CEO states: "Drilling has continued at Escacena with up to four drill rigs operating since January. The current plan includes testing at least six new targets in the Escacena Project in addition to continuing to expand the copper and tin mineralization at La Romana. We are excited at the potential to make further copper discoveries with drilling now initiated on several new targets, all within 5km of our near-surface La Romana copper-tin discovery. Ongoing exploration continues to generate multiple high-priority drill targets. Drilling is underway at the Hornitos and La Jarosa targets and is due to commence shortly at the Pilar, Zarcita and La Romana Deep targets. This is the first time most of the new targets will be drill tested. The fact that we are already seeing evidence of copper, lead and zinc mineralization in some of our first holes on new targets at Hornitos and La Jarosa is very encouraging with assay results awaited. Assay results are also pending for 14 drill holes at the La Romana discovery."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Fabled Copper Secures Underground Adits

Fabled Copper Secures Underground Adits

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that from mid-June - Early September 2022 they were successful in securing 4 adit entrances on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Canada Nickel Confirms Large Scale Discovery at Reid, Provides Regional Exploration Update

Canada Nickel Confirms Large Scale Discovery at Reid, Provides Regional Exploration Update

Highlights

  • Current drilling confirms large scale discovery at Reid – delineated mineralized footprint already 90% of Crawford footprint of 1.6 km 2 which contains the fifth largest Measured & Indicated sulphide resource globally of 3.5 million tonnes of contained nickel
  • Regional drilling continues to validate geophysical targeting approach highlighting potential from 42 km 2 of geophysical targets
  • Latest assays from Deloro include DEL22-05 intersecting 394 metres of 0.26% nickel

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today confirmed a large-scale discovery at its Reid property, and positive drilling results at other regional targets as a result of its ongoing regional exploration drilling campaign.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
EMP METALS ACQUIRES SECOND WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP METALS ACQUIRES SECOND WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that Hub City Lithium Corp. (" HCL "), a subsidiary company to EMP, has acquired an additional wellbore in its Mansur Permit Area.

The new well, 101/14-36-008-13 W2M (" Second Test Well "), is located at the Mansur Permit Area of southeast Saskatchewan and is approximately half a mile from the Company's first test well in the Mansur which confirmed concentrations of up to 96.3 mg/l in the Duperow zone. The Second Test Well has been acquired for no consideration and the assumption of future abandonment and reclamation costs, which aligns with the Company's highly cost-effective strategy of testing for lithium in existing infrastructure.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
World Copper Announces Results from Mancha Amarilla Drilling, Confirms Extension of Mineralization at Escalones Project in Chile

World Copper Announces Results from Mancha Amarilla Drilling, Confirms Extension of Mineralization at Escalones Project in Chile

World Copper Ltd.  (TSXV: WCU) (OTCQC: WCUFF) (FSE: 7LY0) ("World Copper") announces drill results from the Mancha Amarilla target at the Company's Escalones Copper project in Central Chile ("Escalones" or the "Escalones Project"). The Escalones Project has estimated Inferred Mineral Resources of 426 million tonnes of 0.367% copper, based on nearly 25,000 metres of drill core from 53 holes (see news release dated August 23, 2021). World Copper has now completed 1,676 metres of additional drilling along the western-most, road accessible edge of the Mancha Amarilla zone, with the following highlights:

  • Successful completion of first target of Mancha Amarilla drilling, confirming copper oxide mineralization extends at least 150 metres south from previous drilling
  • Oxidation extends to depths of 280 metres below the ridge, as predicted by modeling
  • Confirmation of western flank of Mancha Amarilla mineralized zone with indications that the mineralization should improve eastward into the central areas of the zone

CEO Nolan Peterson commented, "Since restarting work on the Escalones project, World Copper has focused on completing the preliminary economic assessment with respect to the existing Escalones resource, which was completed in February 2022 (see news release dated February 15, 2022), as well as expanding the Escalones' mineral resource south into the adjacent previously untested Mancha Amarilla zone. With the completion of the first phase of the drill programme we have now confirmed what initial reviews indicated - that the Escalones resource has the potential to be significantly larger than its current definition, with oxide mineralization to similar depths as the main deposit. With the western edge of the Mancha Amarilla footprint defined, we now have clear targets for the next phase of drilling, aiming to increase the grade of the overall resource as we test the flanking skarn targets which exhibit some of the highest grades on the property."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Getchell Gold Corp. Intersects 1.8 g/t Au Over 107.5 m at the North Fork Zone, Fondaway Canyon, NV

Getchell Gold Corp. Intersects 1.8 g/t Au Over 107.5 m at the North Fork Zone, Fondaway Canyon, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide assay results for drill hole FCG22-19 that successfully intersected and extended the North Fork zone gold mineralization at the Fondaway Canyon gold project in Nevada.

Key Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×